Tradeweb Markets (TW) Share-based Compensation (2018 - 2026)

Tradeweb Markets (TW) posted quarterly Share-based Compensation of $25.1 million for Q1 2026, up 12.95% year-over-year from $22.2 million in Q1 2025, and down 11.46% on a QoQ basis from $28.3 million in Q4 2025.

Tradeweb Markets (TW) Share-based Compensation (2018 - 2026) Analysis & Trends

Tradeweb Markets (TW) has reported Share-based Compensation for 9 consecutive years, with $25.1 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Share-based Compensation rose 12.95% year-over-year to $25.1 million; the TTM figure through Mar 2026 stood at $106.4 million (up 11.5% YoY), while the FY2025 annual figure was $103.5 million, up 15.49% from the prior year.
  • Share-based Compensation came in at $25.1 million for Q1 2026 at Tradeweb Markets, down from $28.3 million in the prior quarter.
  • The five-year high for Share-based Compensation was $28.3 million in Q4 2025, with the low at $11.6 million in Q1 2023.
  • Average Share-based Compensation over 5 years is $20.6 million, with a median of $21.0 million recorded in 2022.
  • Across the five-year window, Share-based Compensation jumped 68.96% in 2022 and declined 25.04% in 2023, its largest moves.
  • Year by year, Share-based Compensation stood at $17.2 million in 2022, then grew by 18.86% to $20.5 million in 2023, then rose by 14.2% to $23.4 million in 2024, then gained by 21.15% to $28.3 million in 2025, then retreated by 11.46% to $25.1 million in 2026.
  • According to Business Quant data, Share-based Compensation over the past three periods registered $25.1 million, $28.3 million, and $26.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Stock Comp. (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 571.00 Mn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 2.53 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 138.00 Mn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 92.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 23.06 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 25.06 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 51.80 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 31.49 Mn
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn 195.78 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 25.06 Mn
Mar 31, 2026 25.06 Mn
Dec 31, 2025 28.31 Mn
Dec 31, 2025 28.31 Mn
Sep 30, 2025 26.14 Mn
Sep 30, 2025 26.14 Mn
Jun 30, 2025 26.91 Mn
Jun 30, 2025 26.91 Mn
Mar 31, 2025 22.19 Mn
Mar 31, 2025 22.19 Mn
Dec 31, 2024 23.36 Mn
Dec 31, 2024 23.36 Mn
Sep 30, 2024 26.17 Mn
Sep 30, 2024 26.17 Mn
Jun 30, 2024 23.72 Mn
Jun 30, 2024 23.72 Mn
Mar 31, 2024 16.40 Mn
Mar 31, 2024 16.40 Mn
Dec 31, 2023 20.46 Mn
Dec 31, 2023 20.46 Mn